How to buy on the dip IVNI have invested in IVN at around $3. And I have not sold them yet.
Here are criteria that I use to buy on the dip.
1. Fundamentals are improving.
2. But stock goes down on LOW volume.
So when do I buy based on the technical Charts ?
Look at the DAILY and WEEKLY charts listed below.
I buy when CTM i.e. similar to RSI goes to oversold condition. Drops below 30 to 20.
Daily Chart -- you need to see CTM below 30 . Last time this happened on Oct-2021 at $7.89.
Daily Chart Weekly Chart CTM below 30 happened on march- April 2020 at $2.60 --- Starting point for my accumualtion and kept on buying as it moved up.
Weekly Chart Some point to keep in mind:
1. Highest grade copper mine at cost of only $1.30 per pound.
2. Next catalyst -- Zince mine. Extremely high grade of 35%
3. Another catalyst - South Africa - platinum,palladium,copper,nick mine and also hgh grades.
What is there not to like except probably politics in DRC but which country does not have this problem ?